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As you know, on Fast Money we try to talk with strategists and money managers every day about whether the recent rally is a new bull market or just bs.
On Thursday we spoke with Danielle Park of Venable Park Investment Counsel who told us she thinks the bear market began in 2000 and could last until 2020. That’s right, she says we’re only halfway through.
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In all fairness she's calling for a secular bear market which is an overall long-term trend. However there is some good news. She does thinks a cyclical bull market will play out in the interim and that the next one may not be too far off.
But that's not to say we won't retest the lows. "I'm still skeptical about the enormous spike we've seen since March," she says. "I haven't seen the follow through and we're up against resistance." Also she's concerned that the summer months tend to be horrendous for gains.
As a result she suggests parking your money in cash and making a buy list. Of course we asked for a peak at hers.
Danielle Park's List
PowerShares QQQ [QQQQ
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Semiconductor HOLDRs [SMH
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SPDRs [SPY
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iShares MSCI Canada Index [EWC
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"I do think there's lots of good things going on in this market," adds Park. "I just think we're going to have some re-tests and I don't like to lose money!"
You can see our entire interview with Danielle Park at the end of the Word On The Street video.
- Your First Move For Wednesday November 10th
- Web Extra: The Best Trades In Tech
- Pops & Drops: UPS, Electronic Arts...
- Take Your Position: Retail Earnings
- The Return of Dividend Investing?
- Should You Believe in this Rally?
- Trading in this Technicals-Driven Market
- HALFTIME REPORT: How to Trade Senator Dodd's Financial Reforms
- Your First Move For Tuesday November 9th
- Web Extra: The Dow's Only Loser
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Trader disclosure: On June 25th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (LM) Call Spread;’ Najarian Owns (PALM) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT); Finerman's Firm And Finerman Own (FLS), (RIG); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IWM), (IYR), (IJR), (MDY), (SPY), (USO); Seymour Owns (AAPL), (BAC); Seygem Asset Management Owns (FCX), (MOS)
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